Anthem, Inc. (ANTM) Stake Raised by First Eagle Investment Management LLC
First Eagle Investment Management LLC grew its position in Anthem, Inc. (NYSE:ANTM) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,103,892 shares of the company’s stock after purchasing an additional 71,119 shares during the period. Anthem comprises approximately 1.3% of First Eagle Investment Management LLC’s holdings, making the stock its 23rd biggest holding. First Eagle Investment Management LLC owned about 1.21% of Anthem worth $589,367,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. raised its holdings in Anthem by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock worth $201,000 after purchasing an additional 5 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in Anthem by 1.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares during the last quarter. Cedar Wealth Management LLC raised its holdings in Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after purchasing an additional 15 shares during the last quarter. Gofen & Glossberg LLC IL raised its holdings in Anthem by 0.6% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after purchasing an additional 15 shares during the last quarter. Finally, Dowling & Yahnke LLC raised its holdings in Anthem by 0.3% during the 2nd quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock worth $1,350,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 88.91% of the company’s stock.
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A number of analysts have recently commented on ANTM shares. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Morgan Stanley upped their price target on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. BidaskClub downgraded Anthem from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC upped their price target on Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price target on shares of Anthem in a research report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Anthem has an average rating of “Buy” and a consensus target price of $197.69.
In other Anthem news, SVP Ronald W. Penczek sold 978 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $217.42, for a total transaction of $212,636.76. Following the sale, the senior vice president now directly owns 1,222 shares in the company, valued at approximately $265,687.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julie A. Hill sold 1,602 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $215.70, for a total value of $345,551.40. Following the sale, the director now owns 35,322 shares in the company, valued at $7,618,955.40. The disclosure for this sale can be found here. Insiders have sold a total of 65,955 shares of company stock valued at $13,179,953 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
Anthem, Inc. (ANTM) traded up $2.29 during trading hours on Monday, hitting $218.27. The company had a trading volume of 1,835,300 shares, compared to its average volume of 1,589,956. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51. Anthem, Inc. has a 12 month low of $131.38 and a 12 month high of $220.75. The company has a market cap of $56,043.11, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77.
Anthem (NYSE:ANTM) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business earned $2.45 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts predict that Anthem, Inc. will post 11.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, December 4th. Anthem’s payout ratio is 25.32%.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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